posted: Apr. 25, 2008 @ 11:34a
RonK said:We were in the same position (thankfully, 8+ years of daycare expenses are about to be over for us as my youngest moves on to first grade). We opted for the Fidelity 529 card. It pays 2% of all charges (up to a total of $1500 per year) into a Fidelity 529 college account. Though not exactly "Cash Back," I think this is the best deal going in terms of reaping benefits from charging.
Although unless you were grandfathered in, the best you can get from a new Fidelity 529 card now is 1.5%.
I charge my daycare expenses to my Orchard 2% card (which I think is still available to new applicants), although they typically give small initial credit lines so you might have to make several mid-cycle payments. My initial line was $1000, but they were nice enough to auto bump it to $1400 after 6 months giving me a little more breathing room.